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Business Organizations Law

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Washington and Lee Law Review

Business judgment rule

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Full-Text Articles in Law

The Diminishing Duty Of Loyalty, Julian Velasco Apr 2018

The Diminishing Duty Of Loyalty, Julian Velasco

Washington and Lee Law Review

Fiduciary duties comprise an integral part of corporate law. It is generally understood that directors owe the corporation and its shareholders two fiduciary duties: the duty of care and the duty of loyalty. Although both duties are firmly established in corporate law, they are not treated equally. It is generally understood that the duty of loyalty is enforced far more rigorously than the duty of care. The justification for this dichotomy is twofold. First, differential treatment is appropriate because of the relative urgencies of the underlying subject matter: loyalty issues pose greater risks than do care issues. Second, the deference …


Doing Well While Doing Good: Reassessing The Scope Of Directors' Fiduciary Obligations In For-Profit Corporations With Non-Shareholder Beneficiaries, Lisa M. Fairfax Mar 2002

Doing Well While Doing Good: Reassessing The Scope Of Directors' Fiduciary Obligations In For-Profit Corporations With Non-Shareholder Beneficiaries, Lisa M. Fairfax

Washington and Lee Law Review

No abstract provided.


Extension Of The Minimum Open Tender Offer Period: Regulation Of Defensive Takeover Tactics Via The Business Judgment Rule Jun 1986

Extension Of The Minimum Open Tender Offer Period: Regulation Of Defensive Takeover Tactics Via The Business Judgment Rule

Washington and Lee Law Review

No abstract provided.